Short term retrace inevitable Long

Description

⋅ Dec 26, 2015 5:18 PM

Short term long. Target 2880, previous resistance level.

All oscillators oversold, volume oscillators oversold, everything in the pits of hell.

Even if this is the start of a longer term bear move, a short term correction is inevitable

Trade active

⋅ Dec 26, 2015 5:53 PM

Caught the bottom. Great trade. Continuing to hold to 2880

Trade closed: target reached

⋅ Jan 8, 2016 9:35 AM

Closed. Good profit

Bitcoin (Cryptocurrency)

Comments

Emerald_Seer

⋅ Feb 17, 2016 7:03 PM

wow exactly as you predicted

cryptopicasso

⋅ Dec 26, 2015 7:24 PM

I agree as well - although i dont see a bottom just yet - i think we will touch the 61% fib around the 12 HR stochrsi crossing
then march up to the previous support to confirm is now resistance

IvanLabrie

⋅ Dec 26, 2015 7:05 PM

What's the stop loss for the bottom picking?

flibbr

⋅ Dec 26, 2015 5:34 PM

I agree. High probability